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Posted on 01/28/2026 9:03:43 PM PST by RandFan
Gold extended its blistering rally on Thursday to hit a record just shy of $5,600 an ounce, as investors sought safety amid geopolitical and economic uncertainties, while silver came within a whisker of breaching $120.
Spot gold shot up 2.6% to $5,538.69 an ounce by 0349 GMT, after hitting a record $5,591.61 earlier in the day.
"Growing U.S. debt and uncertainty created by signs that the global trade system is splintering into regional blocs as opposed to a U.S.-centric model (are leading investors to pile into gold)," said Marex analyst Edward Weir.
(Excerpt) Read more at reuters.com ...
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What is going on Freepers??
The end is near!!
Warning Will Robinson!
The record-high surge in gold prices, surpassing $5,000/oz in early 2026, acts as a critical signal of deep economic anxiety, driving investors toward “safe-haven” assets amid high debt, geopolitical instability, and de-dollarization trends. It highlights widespread distrust in flat currency purchasing power, driving central bank buying and inflation hedging. This will raise the costs on everything and create a funded recession. And everyone in the product and service line will be in on it.
wy69
I'm not going to ride that painted pony.
Peter Schiff called it
https://freerepublic.com/tag/news-forum/index
delta7 also called it
That thread is illuminating
There is no confidence or evidence that there has been any effort to lessen deficit spending, stop making unfunded liabilities or commitments. The deficit and debts keep growing. There seems no political courage or will to stop the nonsense. People sense that inflation, dollar weakening and subsequent economic contraction are inevitable.
Sorry, see this thread:
Peter Schiff: The dollar will collapse
https://freerepublic.com/focus/f-chat/4364390/posts
It is a bubble. Very unusual for Gold given its history which makes this an interesting example of unhinged demand. I don’t know how high Gold will get before the bubble pops but I can say it won’t go down to zero . There is some inherit value to it.
Gold is rock steady in value. It’s the dollar that’s losing value
The gold mines are really increasing production at a rapid rate. I think the silver mines are as well.
The gold mines are really increasing production at a rapid rate. I think the silver mines are as well.
We’re seeing parabolic moves.
Inflation is going to wipe out the $
‘My friend’ shipped two ounces of gold to Kitco last week, with the price to be determined upon processing. The last time my friend sold them gold, they processed it the same day as received. This time they say they are so overwhelmed it is going to take them up to 10 business days to process their purchase of my friend’s Gold. Unless the price collapses in the next few days, their dawdling is going to cost them at least an extra thousand dollars.
My friend is a little tempted to sell off some silver because he has a LOT of it and since it is currently priced at 16 times what he paid for it, but is kind of afraid of it messing up his tax situation.
I’m long on gold (though not in a huge way), but it’s kinda looking like a speculative bubble at this point.
It is that belief that is driving up the price of Gold beyond its natural value. Rhenium is an element more rare than Gold. It is one of the reasons jet travel is not as expensive as it once was. Rhenium stays strong at high temperature and is resistance to corrosion . This is why it is used to make Jet Turbine blades in spite of its rarity. Right now it is selling for less than one tenth the price of Gold because there is not a bidding war in effect for Rhenium.
silver is mostly mined as a byproduct of other metals.
there are a few silver only mines but they are the exception.
I want to think it is different this time, but I wonder if this is just a delayed reaction to all the covid money printing and other expansions of the money supply.
I went by a coin shop on my way home from work and he is hurting badly due to state govt mismanagement and had mostly all empty cases and said another dealer just moved to different state. He also said refiners only want pure silver and are paying him spot -4 for .999
I expect things in other states will normalize soon, but I have heard that they are not because of the refiner issues.
good luck buying Rhenium (except at eagle)
and better luck selling it.
you might as well buy rhodium, at least you can buy and sell that kinda maybe. I always wanted a cohen mint piece but never found one at the right price
And even worse, the world watched the Russia asset seizure, and the recent sanctions we are pushing all over the world.
Pretty much now, the dollar is defended by sanctions and military force rather than sound fiscal, and sound and neutral banking policy.
This could be bad. And it’s all so unnecessary.
There are either problems in the banking sector or we are getting ready for some kind of big war.
i just read through a bunch of delta7’s posting history.
Wow he was right about gold
“....but is kind of afraid of it messing up his tax situation...”
Be old and hold it in Roth accounts.....
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